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A Lease Purchase Agreement Can Help a Seller Get Top Dollar for Their Property Under a lease purchase conformity the tenant is gratified to buy the assets after the lease period is over. The buyer is given a time limit to close the deal. This method closes the deal easily, smoothly and neither the buyer nor seller getting affected. The advantage goes to the seller as he gets up front payment from the buyer. The deposit capital is forfeited in case the buyer backs out of the contract. The deposit money is three percent of the cost. The selling price is determined initially by them and may have a paragraph for any variations in the time ahead. In the lease purchase agreement the seller has a larger degree of benefit, because if the buyer desires to extend the period of deal than the seller has an advantage of demanding extra money. All necessary payments are made by the buyer during the deal period The tenant is under obligation to keep the property in ideal condition and carry out repair works as and when requiredneeded. This agreement is thus in advantage to both the buyer and the seller The buyer during the contract period has the advantage to stay in the asset and evaluate the valuation of the property and if found inappropriate may opt for another one, by foregoing the deposit money. The buyer is exempted from making large payments. However, he is bound to pay a security deposit. The seller can opt to cancel the agreement in case of default payment. They wait for the break for three repeated months after which they deprive them of their deposit money and terminate the agreement. The buyer also has the option to make the payment before the expiry of the lease agreement and own the property. Since the request of buying properties is larger the seller can demand top dollar for the property. The buyer may request for an extension. This is an chance for the seller to go for cost hike and ask for more security deposit. The advantage is more for the seller as he gets the market valuation of the property, prevailing at the time of final closure of the deal Whatever be the state of affairs, the lease purchase deal is beneficial, equally to the buyer as well as to the seller. With the recent global financial drop the possibility of going for rent is more and thereby putting an option to the landlord for purchase of the property under lease purchase agreement.

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